Here’s good news for all BWBs interested in zero-cash financing of a business. It’s the short story of a reader who, with no cash down, created the following for himself in just a few months’ time:
- $15,000 in instant cash
- A $4,000-a-year income
- Ownership of $125,000 worth of real estate
Let’s see how this BWB did this and let’s learn from him (he learned from us!)
The property this BWB bought with no cash down runs a full city block, from one corner to another. There are two buildings on it and each is on its own property, though they abut at the line between the two lots. One building is a home and it had a $5,000 mortgage on it at the time this BWB bought it. The other building is an office structure containing a child-care center. Now here’s what this creative BWB did. He:
- Got new mortgages on the home and office building from a local lender
- Used the cash from the mortgage on the home as the down payment for the TWO properties which he wanted
- Got someone to run the day-care center for children
- Moved his office into the office building, saving on rent
K-31 : The IWS How to Build Riches in Real Estate With Single-Family Homes Using Other People’s Money Wealth Kit
The IWS How to Build Riches in Real Estate With Single-Family Homes Using Other People’s Money Wealth Kit by the legendary Tyler G. Hicks gives you more than 1,000 lenders who want to finance Single-Family Homes, plus over 150 ways to make money in Single-Family Homes using Other People’s Money (OPM). Actual case examples show how to acquire and use various types of single-family homes to produce a desired stream of income in different situations. Explains income streams and financing in clear, everyday language.
The Financing of the Deal
The $15,000 in cash came from the mortgages he got on the home and office building. The seller gave him a PM (purchase-money) mortgage for the balance of the cash he needed to buy these two adjoining properties. The $4,000-per-year income comes from the day-care center. Meanwhile, of course, the income from the home and the day-care center is paying for this $125,000 property! And the property is in the path of development in the city in which it is located. This means the BWB may eventually be able to sell it at a big profit.
One fact this BWB learned from this delightful experience might help you when you go out to get a business or real estate for no cash down:
When you have two or more properties to work with, you can often set up a deal in which one property finances another, as here.
The other fact this BWB learned in setting up this deal might also help you. It is a fact that is so “natural” that many BWBs overlook it in their deals. Here it is:
If you want to get zero-cash real estate, go and ask some older, more experienced real-estate brokers: “What do you want to sell?”
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The IWS Commercial Real Estate Riches Kit, written by Tyler G. Hicks, shows you in quick, easy-to-read ways how to succeed in the profitable world of commercial real estate.
Ask for Help and You Just Might Get It!
There are a number of sensible reasons for doing this. Here they are. Read them and jump with joy because they may give you the answer you are seeking:
- Most older RE brokers know what 100% financing is — in fact, most have used it
- So you can talk to a friend who thinks just the way you think about money
- Many older RE brokers have property which they will sell at the right price
- If you are willing to pay the right price (using borrowed money) you can make deals
- An older RE broker will probably be glad to see you take over his property
- Since the older RE broker understands 100% financing, he’ll help you get it
- You will be talking to, and working with, pros-making the whole deal easier
- Since the RE broker has probably used 100% financing, he doesn’t think it’s “wrong
There you have the actual case of a young BWB (30 years old) who is doing exactly what we’ve been telling you for all these years can, and is, being done! To help you do the same, we suggest that you study good courses to get started doing what this BWB did.
And, by the way, he is already looking for bigger deals, just one month after wrapping up this one! This shows you, never stop-until you have reached your goal.
As we say, Push, Push, Push, Push!
And move forward boldly!